Australia can still reach its net-zero energy goal by 2050, according to BloombergNEF (BNEF), but there is no time to waste, with a need for significant investments in solar, wind, and energy storage to stay on track.
Nearly a decade after the first iteration of its Powerwall home battery system was released, Tesla has officially launched the Powerwall 3 in Australia and New Zealand, with the first deliveries expected in September.
Acen Australia’s plan to develop a 600 MW solar farm and 600 MW/1,200 MWh battery energy storage system in Australia has received a major boost, with the New South Wales Independent Planning Commission (IPC) giving its tick of approval.
Energy giant AGL has stepped up its transition away from coal and gas, adding a development pipeline of more than 8 GW of large-scale solar and battery energy storage projects to its portfolio with the acquisition of two Australian renewable energy developers.
Power production from rooftop solar continues to reach new milestones in Australia, meeting more than 80% of electricity demand in the state of South Australia on the weekend – the highest yet share in winter.
Japan’s Rinnai Corp. has snapped up Smart Energy, a solar and battery systems supplier, to strengthen its presence in Australia’s renewable energy sector.
Battery projects continue to dominate Australia’s large-scale clean energy buildout, with 6 GW of new capacity added to the nation’s renewables project pipeline in July.
Australia’s rollout of rooftop solar has climbed to a record high with households and businesses bolting on almost 302 MW of generation capacity in July, up 23% on the previous month.
Australia has firmed as the world’s fourth-largest market for utility scale batteries with new data from research consultancy Rystad Energy revealing that almost 3 GW / 8 GWh of battery energy storage projects have started construction in the first seven months of 2024.
Libra Energy has unveiled its first major Australian renewables project, announcing plans to build an 850 MW / 3,400 MWh battery energy storage system in southeast Queensland to help soak up excess solar energy and stabilise the grid supply and demand during peak hours.
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